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KAVANAUGH v. FASH

Nos. 1050-1053.

74 F.2d 435 (1934)

KAVANAUGH v. FASH, School District Treasurer. SAME v. WALKER, County Treasurer. SAME v. HESS, City Treasurer. SAME v. WEEMS, State Treasurer.

Circuit Court of Appeals, Tenth Circuit.

December 26, 1934.

Attorney(s) appearing for the Case

C. H. Mauntel, of Alva, Okl. (F. B. H. Spellman and J. B. Doolin, both of Alva, Okl., on the brief), for appellant.

Arthur Leach, of Oklahoma City, Okl. (W. L. Houts, of Alva, Okl., and M. M. Thomas, of Oklahoma City, Okl., on the brief), for appellee Fash.

Arthur Leach, of Oklahoma City, Okl., and E. W. Snoddy, of Alva, Okl. (H. C. Crandall and W. L. Houts, both of Alva, Okl., and M. M. Thomas, of Oklahoma City, Okl., on the brief), for appellee Walker.

Arthur Leach, of Oklahoma City, Okl., and J.J. Glaser, of Alva, Okl. (F. A. Rittenhouse and John F. Webster, both of Oklahoma City, Okl., and R. M. Chase, of Alva, Okl., on the brief), for appellee Hess.

Randell S. Cobb, Asst. Atty. Gen. (J. Berry King, Atty. Gen., on the brief), for appellee Weems.

Before LEWIS, McDERMOTT, and BRATTON, Circuit Judges.

BRATTON, Circuit Judge.

The decisive question common to these cases is whether a national bank in the state of Oklahoma may pledge its assets to secure deposits of public money without a resolution of its board of directors unanimously adopted and recorded in its minutes.

The First National Bank in Alva was the duly designated depositary of the state of Oklahoma, Woods county, the city of Alva, and school district...

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